JUST CLOSED! Multi-Tenant Retail Shopping Center Sold for $8.23M


Pacific Coast Commercial is pleased to announce the sale of 701-777 Broadway, El Cajon, CA. The multi-tenant retail shopping center was 95% occupied at the time of the sale. Brian Crepeau and Vanessa Reza of Pacific Coast Commercial, stated, “The shopping center is a mix of strong local and regional retail tenants, many with long term tenancy histories. The center is well located off the busy Broadway corridor in El Cajon with easy access to highways 8 & 67. The center offers retail spaces ranging from 1,100 to 8,100 sq. ft. a diverse mix of sizes to meet the needs of all types of retail tenants.”


Address:701-777 Broadway, El Cajon, CA 92021

Seller Representation: Pacific Coast Commercial

Broker Rep: Brian Crepeau & Vanessa Reza

Buyer Representation: The Udinsky Group

Broker Rep: Bing Udinsky

Property Type: 95% Leased Multi-Tenant Retail Shopping Center

Square Footage: Approx. 25,460 SF

Price: $8,232,000 ($323/SF)

Seller Name: Broadway Center Associates, LLC

Buyer Name: Alcatraz475 LP, a Nevada limited partnership / Birch8330 LP, a Nevada limited partnership

Escrow Company: First American

Title Company: First American

Close of Escrow: 2/2/2022


Let us make your next sale, lease, or purchase our next success story!


Contact Agents for more details (619) 469-3600


VANESSA REZA

Senior Advisor - Sales & Leasing

Vanessa@PacificCoastCommercial.com

Lic. 01856646

BRIAN CREPEAU

Vice President - Brokerage & Asset Management

Brian@PacificCoastCommercial.com

Lic. 01163628


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